Sonder Holdings Inc. Announces Results of Special Meeting of Shareholders

Core Points - Sonder Holdings Inc. announced that approximately 57% of its outstanding shares voted to approve all proposals at a Special Meeting of Shareholders held on September 30, 2024 [1] - A consortium of investors committed to purchase approximately $43 million of a newly designated series of convertible preferred equity, with $14.7 million already purchased [2] - The approval of proposals is seen as a significant milestone for strengthening the company's balance sheet and positioning for long-term growth, particularly following a strategic licensing agreement with Marriott [3] Company Overview - Sonder is a leading global brand of premium, design-forward apartments and boutique hotels, launched in 2014, serving modern travelers [4] - The company operates in over 40 markets across ten countries and three continents, offering tech-enabled services and self-service features through the Sonder app [4]